Reported 3 months ago
Loretta Mester, the retired president of the Cleveland Fed, expresses optimism about decreasing inflation in her recent interview. She anticipates that if this trend continues, the Federal Reserve may begin to cut interest rates later this year, depending on economic data. Despite recent signs of inflation cooling, Mester acknowledges the ongoing economic challenges faced by low-income Americans, who are heavily impacted by rising costs of essential goods.
Source: YAHOO